Form 4: Horizon Kinetics Asset Management LLC Increases Stake in Texas Pacific Land Corp

Horizon Kinetics Asset Management LLC has reported the acquisition of 1 share of Texas Pacific Land Corp common stock, increasing their holdings to 1,167,965 shares.

Summary

• Horizon Kinetics Asset Management LLC (HKAM) has filed a Form 4, indicating a change in their beneficial ownership of Texas Pacific Land Corp (TPL) stock.
• On January 13, 2025, HKAM acquired 1 share of TPL common stock at a price of $1,321.05.
• Following this transaction, HKAM's total direct holdings in TPL amount to 1,167,965 shares.
• This filing also references a previous Schedule 13D amendment from December 18, 2024, which detailed HKAM's beneficial ownership of 3,578,173 shares, as well as Murray Stahl's direct and indirect interests.

Sentiment

Score: 5

Explanation: The document is a routine filing of a change in beneficial ownership. It does not indicate any significant positive or negative sentiment.

Management Comments

• Murray Stahl does not exercise investment discretion with respect to the securities of the Issuer.

Industry Context

This filing reflects a change in ownership by a significant institutional investor in Texas Pacific Land Corp, which is a company in the land and resource management sector. Such filings are common and provide transparency into the holdings of major investors.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders and major shareholders in publicly traded companies.
• The transaction is relatively small in terms of share volume, but the filing is important for transparency and tracking ownership changes.
• Other companies in the land and resource management sector would have similar filings when major shareholders change their positions.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership structure of Texas Pacific Land Corp.

Key Dates

Keywords

Texas Pacific Land Corp, Horizon Kinetics Asset Management, TPL, stock acquisition, beneficial ownership, Form 4, SEC filing